This statement confirms the overall pay budget (how much AXA has available to spend on salaries) and framework (how AXA will spend that money) for 2018. These details are negotiated between AXA and Unite and apply to employees in all roles at Levels 6-9 in AXA Insurance and Corporate Centre.

Overall budget

This year’s talks have concluded with an offer of an increase in the total pay budget of 3% for employees in Levels 3-9. Any pay increases will take effect from 1 April 2018.

Levels 6-9 Pay Framework

Pay awards will be made to employees in these roles based on your performance rating and where your salary is positioned in the pay range.

Position in salary range

(vs. midpoint)

95% & below

95% – 105%

105% & above

Performance

Rating

Outstanding

4.75%

3.75%

2.75%

Excellent

4.25%

3.25%

2.25%

Successful

4.00%

3.00%

2.00%

Partially Successful

2.00%

1.50%

1.00%

Unsuccessful

0.00%

0.00%

0.00%

Levels 3-5 Pay Approach

Senior managers will have full discretion to set pay awards within the overall budget for employees in Level 3-5 roles. Your performance and current salary against the pay ranges will be part of the decision making.

Other adjustments

AXA UK’s minimum salary will be increased to £15,925 but other pay ranges are unchanged, although AXA UK’s approach to pay ranges and pay families is currently under review.

There are some local pay arrangements, like the AXA Insurance Claims Development Framework, which are managed outside of this process.